Brokerages Set Hansteen Holdings plc (HSTN) PT at $120.40

Shares of Hansteen Holdings plc (LON:HSTN) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 120.40 ($1.57).

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Hansteen from GBX 134 ($1.75) to GBX 108 ($1.41) and set an “underweight” rating on the stock in a research note on Friday, June 8th. Liberum Capital lowered their price objective on Hansteen from GBX 140 ($1.82) to GBX 105 ($1.37) and set a “hold” rating on the stock in a research note on Friday, July 20th. Numis Securities restated a “hold” rating and issued a GBX 103 ($1.34) price objective (down from GBX 136 ($1.77)) on shares of Hansteen in a research note on Wednesday, August 22nd. Finally, Peel Hunt restated a “buy” rating and issued a GBX 120 ($1.56) price objective on shares of Hansteen in a research note on Thursday, September 6th.

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Shares of LON:HSTN remained flat at $GBX 99.75 ($1.30) during midday trading on Thursday. 5,377,287 shares of the company were exchanged, compared to its average volume of 1,520,000. Hansteen has a 52 week low of GBX 115.90 ($1.51) and a 52 week high of GBX 147.90 ($1.93).

The company also recently disclosed a dividend, which will be paid on Friday, October 26th. Investors of record on Thursday, September 27th will be paid a GBX 2.40 ($0.03) dividend. This represents a yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 27th.

About Hansteen

Hansteen Holdings PLC is a company which was incorporated in the United Kingdom and registered in England and Wales on 27 October 2005. The Company is required to comply with the provisions of the Companies Act 2006. The address of the registered office is 1st Floor, Pegasus House, 37- 43 Sackville Street, London W1S 3DL.